Livforsakringsbolaget Skandia Omsesidigt Acquires 22,053 Shares of Apollo Global Management, Inc. (NYSE:APO)

Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Apollo Global Management, Inc. (NYSE:APO) by 27.0% during the third quarter, Holdings Channel reports. The institutional investor owned 103,879 shares of the financial services provider’s stock after buying an additional 22,053 shares during the quarter. Apollo Global Management makes up about 0.7% of Livforsakringsbolaget Skandia Omsesidigt’s holdings, making the stock its 29th largest position. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Apollo Global Management were worth $12,974,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Los Angeles Capital Management LLC lifted its position in Apollo Global Management by 112.3% in the 1st quarter. Los Angeles Capital Management LLC now owns 1,045,422 shares of the financial services provider’s stock valued at $117,558,000 after acquiring an additional 552,893 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Apollo Global Management by 193.3% during the first quarter. Empowered Funds LLC now owns 51,181 shares of the financial services provider’s stock valued at $5,755,000 after buying an additional 33,731 shares during the last quarter. Diversified Trust Co purchased a new position in shares of Apollo Global Management during the first quarter valued at approximately $1,731,000. Jennison Associates LLC grew its holdings in Apollo Global Management by 199.8% during the first quarter. Jennison Associates LLC now owns 925,222 shares of the financial services provider’s stock worth $104,041,000 after buying an additional 616,575 shares in the last quarter. Finally, PGGM Investments purchased a new stake in Apollo Global Management in the 1st quarter valued at $840,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Apollo Global Management

In related news, Director Pauline Richards bought 2,351 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was acquired at an average price of $104.92 per share, for a total transaction of $246,666.92. Following the purchase, the director now directly owns 85,854 shares in the company, valued at $9,007,801.68. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.50% of the stock is currently owned by corporate insiders.

Apollo Global Management Price Performance

Shares of NYSE:APO opened at $140.24 on Friday. The firm has a market capitalization of $79.68 billion, a PE ratio of 15.53, a P/E/G ratio of 1.39 and a beta of 1.62. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average price of $116.77 and a two-hundred day moving average price of $115.80. Apollo Global Management, Inc. has a twelve month low of $77.11 and a twelve month high of $140.35.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.64 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.03). Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. The business had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $873.18 million. During the same period last year, the business posted $1.54 earnings per share. Equities analysts forecast that Apollo Global Management, Inc. will post 6.66 EPS for the current year.

Apollo Global Management Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Friday, August 16th. Apollo Global Management’s dividend payout ratio (DPR) is presently 20.49%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. UBS Group upped their target price on shares of Apollo Global Management from $116.00 to $123.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. JPMorgan Chase & Co. upped their price objective on shares of Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Wolfe Research assumed coverage on shares of Apollo Global Management in a research report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 target price on the stock. Barclays boosted their target price on Apollo Global Management from $128.00 to $148.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Finally, Evercore ISI increased their price target on Apollo Global Management from $127.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.06.

Apollo Global Management Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.